By Mike Boyer
Enquirer staff writer
Cinergy Corp. is asking federal regulators to increase the maximum it can invest in its non-regulated businesses from the current $1.35 billion to $2 billion.
The utility holding company told the Securities & Exchange Commission Thursday that it has already invested $1.04 billion mainly in two operations, Cinergy Solutions, which provides co-generation and other services to corporations, and its Houston-based natural gas marketing business, Cinergy Marketing & Trading.
The company wants the higher cap to continue to invest in the businesses.
Cinergy Solutions and Cinergy Marketing and Trading contributed about 13 cents a share to Cinergy's 2003 earnings of $2.43 a share.
Cinergy wants a decision by Oct. 15. Cinergy's shares closed Thursday at $39.50, down 50 cents.
E-mail mboyer@enquirer.com
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